Ballot Measures

Proposition Number 3 (SJR 50) issuance of general bonds to finance educational loans to students

Description:

The constitutional amendment providing for the issuance of general obligation bonds of the State of Texas to finance educational loans to students.

SJR 50 would amend the constitution to authorize the Texas Higher Education Coordinating Board or its successors to issue and sell general obligation bonds on a continuing basis for the purpose of financing educational loans for students, subject to certain constitutional restrictions, including a restriction as to the maximum principal amount of bonds outstanding at any one time.

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